TVS Capital Funds reinvested as part of a round that doubled the beauty e-commerce platform's funding to more than $24.5m.
India-based beauty e-commerce platform Nykaa has secured Rs 820m ($12.3m) in funding from investors including corporate-backed investment firm TVS Capital Funds, Times of India reported on Monday.
The round, which valued Nykaa at $120m pre-money, was led by Sunil Munjal, a managing director of motorcycle and scooter manufacturer Hero Group, and included angel investors Harsh Mariwala and Da lip Pathak.
Nykaa runs an online platform that sells cosmetics and beauty products. It is expanding into segments like lingerie and men’s…
